Reflecting their continuing appetite for hedge funds, investors allocated $18.3 billion to the vehicles in March, pushing net flows to $55.1 billion, a level last surpassed in the second quarter of 2007.
This finding comes from eVestment in its March and first quarter report on Hedge Fund Asset Flows. The research indicates that hedge fund assets under management reached $2.931 trillion at the end of the first quarter, nearly equaling the $2.938 trillion high attained in the second quarter of 2008.
“Investors’ appetite for equity focused hedge funds has been the primary driver of inflows in 2014, a trend persisting since June 2013,” the report states. “Flows into equity strategies in Q1 2014 were the highest since Q2 2007.